SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
RULE 24F-2 NOTICE
FOR
VOYAGEUR MUTUAL FUNDS III, INC.
(FILE NO. 2-95928)
1. This Notice is being filed for the fiscal year ended April 30, 1995
for Voyageur Mutual Funds III, Inc. (the "Funds").
2. No securities of the same class or series have been registered under
the Securities Act of 1933 other than pursuant to Rule 24f-2 of the
Investment Company Act of 1940 (the "1940 Act") which remained unsold
at the beginning of such year.
3. No securities have been registered during such year other than
pursuant to Rule 24f-2 of the 1940 Act.
4. During the year, 899,619 shares at an aggregate sales price of
$10,603,899 were sold by the Funds.*
5. All 899,619 shares sold during such year were sold in reliance upon
registration pursuant to Rule 24f-2.
Dated: June 15, 1995
VOYAGEUR MUTUAL FUNDS III, INC.
Kenneth R. Larsen
Treasurer
* The aggregate sales price of $10,603,899 for the 899,619 shares
reduced by the aggregate redemption price of $14,187,395 at which
901,705 shares were redeemed during the fiscal year equals
$(3,583,496). Since there were net redemptions for the fiscal
year ended April 30, 1995 there is no registration fee enclosed
with this notice.
June 15, 1995
Voyageur Fund Managers, Inc.
90 South Seventh Street
Suite 4400
Minneapolis, Minnesota 55402
Re: Rule 24f-2 Notice for Voyageur Mutual Funds III, Inc.
(File Nos. 2-95928 and 811-4547)
Dear Sir or Madam:
We have acted as general counsel to Voyageur Mutual Funds III, Inc., a
Minnesota corporation (the "Funds"), in connection with the Funds' Registration
Statement on Form N-1A (File Nos. 2-95928 and 811-4547). This opinion is
addressed to you in connection with a filing by the Funds of a notice (the
"Notice") pursuant to Rule 24f-2 under the Investment Company Act of 1940, as
amended. In that connection, we have examined such documents and have reviewed
such questions of law as we have considered necessary and appropriate for the
purposes of this opinion. Based thereon, we advise you that, in our opinion, the
899,619 shares of common stock, $.01 par value per share, issued by the Funds
for the fiscal year ended April 30, 1995, as set forth in the Notice, were
legally issued, have been fully paid, and are nonassessable, if issued and sold
upon the terms and in the manner set forth in the Registration Statement of the
Funds referred to above.
Very truly yours,
/s/ Dorsey & Whitney P.L.L.P.
KLP
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